What Might a Fed Rate Cut do For Mortgage Rates?

Mortgage rates have fallen nearly 2% from last year's peak.  Much of that decrease can be viewed as the normal phenomenon of longer term rates getting in position for changes in short term rates.  The point we're about to make is that mortgage rates have already adjusted for what the Fed i

Mortgage Rates Inch Lower to Begin Potentially Wild Week

The  new week began on a relatively quiet note in terms of mortgage rate movement and the underlying bond market.  There was modest volatility earlier this morning with a Manufacturing survey causing some headwinds for bonds.  This would normally lead to slightly higher mortgage rates

Low Volatility in Mortgage Rates, But Next Week Could be Very Different

We've talked a lot about why the Fed rate cut will have no additional positive impact on mortgage rates next week.  Everything the market can already reasonably foresee about what the Fed might do is already reflected in today's mortgage rates. In other words, much of the sharp mortgage rate de

Mortgage Rates Move Slightly Higher For First Time This Month

While it's true that there have only been 8 business days so far this month, it's also true that today is the only one of the 8 where mortgage rates haven't been lower than the previous day for the average lender.  That's the bad news. The good news is that today's increase was modest.  In